Kore Energy

Brent settled lower for a second day on Thursday after the E.I.A. reported a surprise build in U.S. crude oil reserves

Gas Market On Thursday the gas markets continued the recent trend to switch tack during the session as early losses were reversed while near months ticked up through the afternoon. The October contract for the NBP traded between 77.30p per therm to the day’s high of 79.48p before settling just over a half a penny […]

The NBP continues to trade within its recent range, with contracts moving marginally higher on Wednesday

Gas Market The NBP gas market drifted sideways for a second consecutive session, reflecting a lack of clear direction. In contrast to Tuesday’s movements prices opened lower than the prior settlement but gained through the session. By the close, all curve contracts had posted only marginal gains, as traders balanced bearish fundamentals against technical signals […]

The NBP market oscillated near to Monday’s closing prices throughout Tuesday’s session with all curve contract’s settling sideways

Gas Market Tuesday’s session was best described as choppy, with prices opening strongly before an afternoon sell-off pushed contracts into negative territory, leaving the market relatively flat at the close. Winter-25 started firmly, with the opening trade 0.81p above Monday’s settlement before climbing to 87.12p/th, a day-on-day gain of 1.94p/th. However, persistent strong fundamentals soon […]

Increased geopolitical tensions boosted Crude oil prices on Monday

Gas Market   Unplanned outages at the Barrow Terminal provided support to the prompt and near curve contracts of the NBP on Monday.  The event coincided with reports that planned maintenance at Norway’s Troll field are to be extended by six days while works at Nyhamna will take at least a day more than originally […]

NBP futures settled mixed on Friday after reports that China received its first LNG delivery from Russia’s Arctic LNG2

Gas Market   With the September contract expiring on ICE on Thursday, October, the first of the winter months took on front month status for the NBP on Friday. The market opened lower following reports of the first deliveries of LNG from Russia’s the Arctic LNG2, but declines were reversed not long after and near […]

Reports of China ignoring potential U.S. Sanctions and accepting a sizeable cargo from the Russian Artic LNG 2 facility weighed on gas markets on Thursday

Gas Market NBP gas contracts continued their downward trajectory in Thursday’s trading, marking a third straight session of losses. The front-month September contract expired at 77.80p/th, hovering close to an 18-month low. Prices remain under pressure from bearish fundamentals, with further weight coming from reports that China has taken delivery of a sizeable LNG cargo […]

Further weakening in Asian gas markets and increased European storage levels weighed on the NBP curve on Wednesday

Gas Market The NBP market continued to move down on Wednesday following on from Tuesday’s losses. Further weakening in Asian gas markets due to high storage levels and continued weak demand has reduced competition across the global LNG market which fed into the downside on the NBP curve. European storage stocks continue to grow, with […]

UK Gas and Power Ease on Stronger Wind, Brent Falls on Trade Tensions

Gas Market UK gas prices were relatively subdued on Tuesday, easing slightly after three consecutive sessions of gains. The September front month fell 0.54p to 83.13p/therm, while Winter-25 slipped 0.86p to 88.7p/therm, with the moves likely reflecting a technical correction and some profit-taking. On the prompt, the Day-Ahead traded largely sideways, edging up 0.50p to […]

The NBP gas curve has opened in negative territory this morning, retracing much of Friday’s gains

Intra-day Report While UK gas and power markets were closed due to the bank holiday yesterday, oil markets were supported by concerns over further U.S. sanctions on Russian oil following comments made by U.S. President Donald Trump on Friday. Ukrainian attacks on Russian energy infrastructure over the weekend added further upside, with the front month […]

NBP futures continued to add premium on Friday as hopes of an early resolution to the Russia Ukraine war faded

Gas Market With optimism for a peace deal between Russia and Ukraine fading wholesale natural gas futures continued to creep up on Friday. Early trading for the NBP curve was boosted by the fact that Monday is a bank holiday in the UK while a revision to the Autumn maintenance schedule by Gassco provided support […]